University of California Irvine Managerial Accounting Questions

Assignment 1:

Please answer each of the following questions in detail. Provide in-text citations and

include examples whenever applicable.

1. Please explain fixed and flexible budgeting.

a. Provide an example of budgeting for three consecutive periods in which safety

margin is included for flexibility

2. Explain statement of cash flows proforma and its significance in budgeting.

a. Provide a hypothetical example of a statement of cash flows in a manufacturing

enterprise.

Assignment 2 :

Built-Tight is preparing its master budget for the quarter ended September 30. Budgeted

sales and cash payments for product costs for the quarter follow. (see attachment below)

Sales are 20% cash and 80% on credit. All credit sales are collected in the month

following the sale. The June 30 balance sheet includes balances of $15,000 in cash;

$45,000 in accounts receivable; $4,500 in accounts payable; and a $5,000 balance in

loans payable. A minimum cash balance of $15,000 is required. Loans are obtained at the

end of any month when a cash shortage occurs. Interest is 1% per month based on the

beginning-of-the-month loan balance and is paid at each month-end. If an excess balance

of cash exists, loans are repaid at the end of the month. Operating expenses are paid in

15 of the month incurred and consist of sales commissions (10% of sales), office salaries

($4,000 per month), and rent ($6,500 per month).

Prepare a cash budget for each of the months of July, August, and September. (Round

amounts to the dollar.)

Please explain your work in detail and provide in-text citations. Include the initial situation

and the initial assumptions in your answer. At least 5 references are required among

which one should be the textbook as the source of the data.

In case you have a similar question and need it answered for you just say write my essay. At Academized we have all the most qualified academic writers and tutors, for all your assignments, essays, cases studies, discussion posts, project proposal, research papers, discussion posts, nursing assignments, admission essays, blog articles, and other forms of academic work.

If you don’t want a custom paper, just buy a pre-written essay from Buy College Essay

Posted in Uncategorized